|
12th MARCH 2008 BUDGET PROPOSALS |
|
9.1 Certain types of trust previously exempt from Inheritance Tax charges became liable to Inheritance Tax from 22nd March 2006. This applied to new trusts created from 22nd March 2006 and could affect trusts already in existence. The current Inheritance Tax exemptions will only remain available if certain (new) conditions are met. The new conditions are more restrictive and may require the trust deeds to be amended no later than 5th April 2008. For further information and advice please contact us urgently. |

